DislikedYeah, the .9480 was near by so it tested that one too . .I guess the .9535 was to far away and the down trend to strong to test that one.Ignored
Cheers
Dan
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedYeah, the .9480 was near by so it tested that one too . .I guess the .9535 was to far away and the down trend to strong to test that one.Ignored
Disliked... so how do we decide on what levels to take out trades from ? All of them ?? In hindsight I can always pick the correct level wiht the correct signiture whether its 1hr or 4hr - if the 1hr happens to fail, or the DCC if the 4h happens to fail.
Cheers
DanIgnored
Dislikeda have a question to everyone, do you use a histogram MACD?? and what about situaction when we have PBT&CA but on histogram we have a divergence to ? like on this chart below. do you still like this trade??
chart:Ignored
DislikedYes that's one way to do it, Dan . .or just wait for the Daily Close Confirmation . .Ignored
DislikedNice One.
As price is kind of stalled in that area, I would like divergence to get developed for trade and ignore PBTCA due to traffic area.Ignored
DislikedOk cool. I think I was focusing too much on picking the decent looking levels and discarding ones that didnt show strength. I will place pending orders on each level from now on and use the 1hr signitures on each level .. I guess.
Cheers
DanIgnored
DislikedFocus on both . .the Retracement with Signatures and Daily Close Confirmation. . .make note of both situations. Do it for a month or two . to as many pairs that you can follow. A pattern that you like will emerge .Ignored
DislikedHey Bhay,
BRNs are important but for me they need to be aligned or confluenced with S/R. I know what you're thinking . .the BRNs formed the S/R . .I would tend to agree with you and so would Mike. I like to see that extra confluence with the BRNs to prove its strength.
The LCS you are looking at is a valid level but its in the the middle of consolidation . .valid but no that strong. . better if it was at a Swing Low.
I like that 98.86 HCR level . .it hasn't been tested yet . .
JimIgnored
DislikedYes but the bottom level was also untested. You mentioned picking levels that have yet to be tested over tested level ...Ignored
Dislikedis it mike still traumatized from the jump ?? i think it is just an after affect
any way boss need ur opinion about these tblzz , what if price close below ? is it a valid setup?Ignored
DislikedHey Bhay,
BRNs are important but for me they need to be aligned or confluenced with S/R. I know what you're thinking . .the BRNs formed the S/R . .I would tend to agree with you and so would Mike. I like to see that extra confluence with the BRNs to prove its strength.
The LCS you are looking at is a valid level but its in the the middle of consolidation . .valid but no that strong. . better if it was at a Swing Low.
I like that 98.86 HCR level . .it hasn't been tested yet . .
JimIgnored
DislikedNice One.
As price is kind of stalled in that area, I would like divergence to get developed for trade and ignore PBTCA due to traffic area.Ignored
DislikedFocus on both . .the Retracement with Signatures and Daily Close Confirmation. . .make note of both situations. Do it for a month or two . to as many pairs that you can follow. A pattern that you like will emerge .Ignored
DislikedTREAT THEM AS A PPZ ... All were untested , and all will be retested ... Dont just concentrate on one when you have multiple levels to look at ... That is why I have said it alot of times before and now again , treat them as a PPZ ... And if you are not comfortable with alot of levels aligning up together , skip that setup ... There will be plenty others .
RegardsIgnored